§ 1208.61. Notice.
111 words·~1 min read·
/us/cfr/t12/s§ 1208.61·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
At least 30 days before the initiation of garnishment proceedings, FHFA will send, by first class mail to the debtor's last known address, a written notice informing the debtor of:
(a)The nature and amount of the debt;
(b)FHFA's intention to initiate proceedings to collect the debt through deductions from the debtor's pay until the debt and all accumulated interest penalties and administrative costs are paid in full;
(c)An explanation of the debtor's rights as set forth in § 1208.62(c); and
(d)The time frame within which the debtor may exercise these rights. FHFA shall retain a stamped copy of the notice indicating the date the notice was mailed.